Analyst Aaron Rakers of Wells Fargo maintained a Buy rating on Mobileye Global, Inc. Class A (MBLY – Research Report), retaining the price target of $18.00.
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Aaron Rakers has given his Buy rating due to a combination of factors including Mobileye’s recent announcement of its first Imaging Radar system win with a new global automaker. This development is seen as a positive validation of Mobileye’s technology and suggests the potential for further adoption announcements within the year.
Additionally, Mobileye’s emphasis on vision system redundancy and the technical strength of its Imaging Radar, as highlighted in previous communications, supports the Buy rating. The company’s Innovation Day presentation in December showcased the superior performance of its imaging radars compared to Western OEM requirements, reinforcing confidence in its product offerings.
According to TipRanks, Rakers is a top 100 analyst with an average return of 21.2% and a 62.58% success rate. Rakers covers the Technology sector, focusing on stocks such as Intel, Nvidia, and Micron.